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Oct 9, 2012
10/12
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my gosh, energy stocks and health care stocks. thank you very much. wonderful stuff. coming up tonight, what does chuck schumer think he is do. the full story plus a break in headlines all up next on kudlow. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford d
my gosh, energy stocks and health care stocks. thank you very much. wonderful stuff. coming up tonight, what does chuck schumer think he is do. the full story plus a break in headlines all up next on kudlow. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your...
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Oct 2, 2012
10/12
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domestic, abundant, clean energy to power our lives... that's smarter power today. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] you.piano ]nnouncer ] get more access with the citi card. we know you. we know you're not always on top of it. and how could you be? that often you just want... quiet. we know all that life demands from you. and how it's almost impossible for you to escape. almost.
domestic, abundant, clean energy to power our lives... that's smarter power today. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access...
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Oct 5, 2012
10/12
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it's been calculated if we're serious about energy, really take advantage of the energy resources we have, that you're going to create some 3.5 to 4 million jobs. i know right now you're thinking about one job. your job. i'm thinking about your job as well. person by person. every american deserves a good job. people are hard-working right here in this community. i want to make sure your jobs stay here, grow here and provide a bright future for you and your family. now i also believe in addition to energy that we have an opportunity to create more jobs by selling our goods and services abroad so i want to open up more trade with other nations and china is stealing jobs unfairly i'll crack down on china. number three, number three, i want to make sure that our people have the skills they need to succeed, so we have a lot of government training programs. and that's all fine and well except there are 47 of them. federal government training programs. and they report to eight different government agencies and so the overhead cost of all of this, this burden and bureaucracy is just killing
it's been calculated if we're serious about energy, really take advantage of the energy resources we have, that you're going to create some 3.5 to 4 million jobs. i know right now you're thinking about one job. your job. i'm thinking about your job as well. person by person. every american deserves a good job. people are hard-working right here in this community. i want to make sure your jobs stay here, grow here and provide a bright future for you and your family. now i also believe in...
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Oct 4, 2012
10/12
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"mad money" will be right back. >> coming up -- >> energy. >> energy. >> energy. >> questions about how our country will fuel its future took center stage last night. but how could you cash in on the push for energy independence? cramer is looking for profits in the pipeline when he talks with the ceo of enbridge next. and later, crossfire. there's a shootout on the street over the future of one big name in defense. cramer's going in the trenches and forming a battle plan. stick around. this could be your portfolio's new secret weapon. plus, on "good behavior." cramer's sell block can be an unforgiving place. but after doing time, stocks can emerge reformed. tonight, one tech security play paid its debt to society. but is it now a buy? the verdict is just ahead. all coming up on "mad money." i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male a
"mad money" will be right back. >> coming up -- >> energy. >> energy. >> energy. >> questions about how our country will fuel its future took center stage last night. but how could you cash in on the push for energy independence? cramer is looking for profits in the pipeline when he talks with the ceo of enbridge next. and later, crossfire. there's a shootout on the street over the future of one big name in defense. cramer's going in the trenches and...
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Oct 3, 2012
10/12
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their boys in new york are saying two macro fonts are lightening up on the energy exposure coming into this it first week of the month. whether or not that's the case, we sat down on the our trade desk this morning, we saw the market start breaking 90. gathered momentum and made a bee line for our first band of support around 89. we're not getting much of a bounce. you may want to cover those positions. the technicals, spr is way off the table. and it seems to be a little delevering. and i think that's what's pressing the market here. >> anthony, let's get your trade on this. >> i'm looking at we're still a very range bund market and even though the china data was soft, you have to look at stimulus from china coming out of the market. so unless we break out of this range, i'm still going to play the range. so i'm looking to get long. november crude oil around 88 of this. i want to put an $87 stop in because that would be below all my support levels. and at that point, we could move a lot lower to $80. but i don't think that's going to happen so i'll be long at 88 1/2 and looking to get
their boys in new york are saying two macro fonts are lightening up on the energy exposure coming into this it first week of the month. whether or not that's the case, we sat down on the our trade desk this morning, we saw the market start breaking 90. gathered momentum and made a bee line for our first band of support around 89. we're not getting much of a bounce. you may want to cover those positions. the technicals, spr is way off the table. and it seems to be a little delevering. and i...
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Oct 4, 2012
10/12
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last night you heard a lot of talk about solar energy. part of a problem is the slowdown in solar panels, some of their groups suffering. job cuts unfortunately coming at applied materials. >> time warner cable is getting a pop today. so is our own comcast, by the way. >> very nice. it's been a good year to be a cable company. year to date, up 55%. up .7% today. company expected to report stronger margins in q3 as a result of more cost cutting measures. great year to be a cable company. >> amazing management. >> top executives in the world. >>> pandora. that stock, however, is down today despite rocking listenership numbers? is that even a word? >> you're welcome, pandora. >> listener numbers. >> five-hour commute home last night because of the traffic on the turnpike. >> that's a lot of listenership. >> unfortunately, fatal accident so everyone was stopped. i listened to pandora for hours. i helped the numbers. >> hello, julia. this is kind of your pet. isn't it? >> yes. great to be here. pandora, just released new september numbers, 58
last night you heard a lot of talk about solar energy. part of a problem is the slowdown in solar panels, some of their groups suffering. job cuts unfortunately coming at applied materials. >> time warner cable is getting a pop today. so is our own comcast, by the way. >> very nice. it's been a good year to be a cable company. year to date, up 55%. up .7% today. company expected to report stronger margins in q3 as a result of more cost cutting measures. great year to be a cable...
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Oct 8, 2012
10/12
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the energy call is pretty customary. clearly the obama administration would like to pursue more regulatory policies towards traditional energies where the romney administration would certainly be more friendly towards traditional energy which is a bigger part of the s&p 500 index. financials would benefit under a romney administration due to the perception that some of the more onerous components of dodd-frank may not come to light. >> the financials have had many, many months to prepare for dodd-frank. they know what's coming down the pike. so is it going to make that much of a difference in an obama administration even in an environment where the overall health of the market improves, the economy improves, so financials may do better regardless of who is president next? >> may but i think financials are going to struggle in an environment where investment sensitivity is -- investment spending is starting to deteriorate. one of the other big key takeaways from our survey was just the impact of the current administration
the energy call is pretty customary. clearly the obama administration would like to pursue more regulatory policies towards traditional energies where the romney administration would certainly be more friendly towards traditional energy which is a bigger part of the s&p 500 index. financials would benefit under a romney administration due to the perception that some of the more onerous components of dodd-frank may not come to light. >> the financials have had many, many months to...
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Oct 3, 2012
10/12
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when that happens usually materials and energies are weaker. that's what's happening today. there's been some collateral damage with other stocks that are suppliers to hp. advanced micromoved down on that news. that's a new three-year low for advanced micro. >> i'm looking for the silver lining. >> we've been moving up for several days in a row right now and are approaching the highs we had a week and a half ago. >> we'll be following jon fortt and bob pisani. ty, back to you. >>> let's drill down on some of the economic issues that are going to come up in tonight's presidential debate. a positive read on jobs ahead of friday's employment report. on the other hand, a bit of a red flag being raised in housing. steve leisman and diana olick are all over the data points. steve, the latest jobs data, is it changing in any way the expectations for this friday's employment report? >> not a lot. economists would like to go from the adp data to higher estimates but it's not been that great over the past couple months. there's a lot of of caution out there among wall street economist
when that happens usually materials and energies are weaker. that's what's happening today. there's been some collateral damage with other stocks that are suppliers to hp. advanced micromoved down on that news. that's a new three-year low for advanced micro. >> i'm looking for the silver lining. >> we've been moving up for several days in a row right now and are approaching the highs we had a week and a half ago. >> we'll be following jon fortt and bob pisani. ty, back to you....
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Oct 3, 2012
10/12
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in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. >>> all right. it's still the economy, even overseas. get this -- as the november election approaches, the economy remains by far the top issue on voters' minds. a recent rasmussen poll shows the economy as very important as to how they will cast their ballot. here is dave goldman and keith mcauliffe. dave goldman, we're going to have to switch this a little bit. bear with me. the new today coming out of iran is potentially very important. as you may know, their currency, the rial, has dropped 40% in the past week. black market currency traders and others are rioting in the streets. they had to bring in special riot police to do this. what's going on? is that country imploding over its money collapse? >> larry, i very much doubt it. the immediate effect of the shortage of foreign exchange is to concentrate power in the hands of the people who have the fore
in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. >>> all right. it's still the economy, even overseas. get this -- as the november election approaches, the economy remains by far the top issue on voters' minds. a recent rasmussen poll shows the economy as very important as to how they will cast their ballot....
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Oct 4, 2012
10/12
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energy. energy is critical and the president pointed out correctly that production of gas and oil in the u.s. is up. 3 but not due to his policies. in spite of his policies. all of the increase in natural gas and oil has happened on private land, not on government land. on government land your administration has cut the number of permits and licenses in half. if i'm president, i'll double them. i'll also get the oil from offshore in alaska and bring the pipeline in from canada. and i like coal. i want to make sure we continue to burn clean coal. people in the coal industry feel like it's getting crushed by your policies. i want to get america and north america energy independent so we can create those jobs. and finally with regards to that tax cut, look. i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there'll be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. but i do want
energy. energy is critical and the president pointed out correctly that production of gas and oil in the u.s. is up. 3 but not due to his policies. in spite of his policies. all of the increase in natural gas and oil has happened on private land, not on government land. on government land your administration has cut the number of permits and licenses in half. if i'm president, i'll double them. i'll also get the oil from offshore in alaska and bring the pipeline in from canada. and i like coal....
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Oct 4, 2012
10/12
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first of all, you had a huge shot of energy in the republican camp in the romney campaign. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w. bush in 2004. but he wasn't able to translate that into lasting benefit. that's the best of the next three weeks, to see whether romney can keep it going or whether president obama comes out with a higher level of aggression, higher level of energy in the next debate and stop the momentum that romney accumulated last night. >> okay. yeah, i had so many different thoughts, john, as we watched the whole thing. i remember that a lot of republicans were supporting newt gingrich because just for this moment, they wanted -- they thought newt was such a great debater, they wanted to see some
first of all, you had a huge shot of energy in the republican camp in the romney campaign. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w....
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Oct 4, 2012
10/12
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energy, very much a feature today. the turkey/syria situation, and that pushed prices higher by almost 4% to $91.57. but a lot of it also had to do with gasoline futures up 5% today with that refinery in texas, the largest operating refinery in the country sustaining that big damage last night because of the fire. so there it is, up to $2.93. among the sectors, financials led the way, like bank of america. materials, like alcoa. then energy and consumer discretionary and the utilities. matt, a lot of moving parts and pieces today. how much credence -- do you see energy going much higher for here? would that boost stocks, do you think? >> it may boost stocks because they are such a large component of the s&p. i don't really see energy going anywhere. i think the middle east is probably starting to ratchet down here. the tensions over there are a lot less. this may be a snap back rally from the selloff yesterday. i'm not buying into energy here right now. >> financials. they were strong as well. bank of america, you know
energy, very much a feature today. the turkey/syria situation, and that pushed prices higher by almost 4% to $91.57. but a lot of it also had to do with gasoline futures up 5% today with that refinery in texas, the largest operating refinery in the country sustaining that big damage last night because of the fire. so there it is, up to $2.93. among the sectors, financials led the way, like bank of america. materials, like alcoa. then energy and consumer discretionary and the utilities. matt, a...
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Oct 4, 2012
10/12
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energy name picks up steam we'll tell you why. plus it is one of the last and most crucial job reports we will take you what to expect and how to trade it next. tdd#: 1-800-340 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with s
energy name picks up steam we'll tell you why. plus it is one of the last and most crucial job reports we will take you what to expect and how to trade it next. tdd#: 1-800-340 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550...
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Oct 4, 2012
10/12
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he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during the summer. they came this close. >> hold on a second. >> i want to ask you something. the whole debate last night was obama saying no to romney's agenda. we all learned romney's agenda. nobody learned obama's agenda. now he's going back to negativism. this is a huge mistake. let me tell you something else romney did to get reaction. your man obama is going to have so much trouble. romney said to 68 million viewers, i can make a deal. i can go across the aisle like i did in massachusetts. in fact he even said about his tax reform plan, if you don't like the specific version let's talk about some other options. but you, mr. president, you couldn't make a deal. you had a deal, you broke the deal with john boehner. that's what the woodward book is all about. in other words, this is something independents love. i say clinton democ
he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during the summer. they came this close. >> hold on a second. >> i want to ask you something. the whole debate last night was obama saying no to romney's agenda. we all learned romney's agenda. nobody learned obama's agenda. now he's going...
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Oct 4, 2012
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one, get us energy independent. north america energy independent. that creates about 4 million jobs. number two, open up more trade, particularly in latin america. crack down on china if and when they cheat. number three, make sure our people have the skills they need to succeed and the best schools in the world. we're far away from that now. number four, get us to a balanced budget. number five, champion small business. >> well, there you go in terms of mitt romney coming out with five points in terms of an economic plan. do you think this is resonating with folks out there? the issues that are important in terms of dictating their vote, the economy. >> no question. the economy for so many families in america have been very disappointing. many people are still looking for jobs. much of this is structural unemployment, as we've created more efficiencies in our factories, which means fewer jobs. so we have -- you know, we're still struggling with an 8-plus percent unemployment rate. that has to be part of the debate as to how -- what direction we go
one, get us energy independent. north america energy independent. that creates about 4 million jobs. number two, open up more trade, particularly in latin america. crack down on china if and when they cheat. number three, make sure our people have the skills they need to succeed and the best schools in the world. we're far away from that now. number four, get us to a balanced budget. number five, champion small business. >> well, there you go in terms of mitt romney coming out with five...
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Oct 4, 2012
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putting us in control of our energy future, now. >>> welcome back. what would a romney victory mean for the dollar? let's bring in andy bush, live from chicago. the dollar's weaker today, the stock market is higher. how would that play out regardless of what happens in the election? >> right. well, i think it's really important to look at the differences between the two candidates, and clearly romney did extraordinarily well. the market's reaction was very quick. s&p was up about seven in futures trading. but here's how to look at it. bmo capital did geopolitical strategy research on the difference in the two candidates' tax policies. this is what it boils down to on the tax corporate side. 's corporate tax plan is much stronger for the markets and much more beneficial than president obama's. we did that research back in june. that's really what's been playing out. if you look at it, it benefits three groups. one is small firms because of the cut in the corporate tax rate from 35% to 25%. the elimination of the territorial nature of the tax code elim
putting us in control of our energy future, now. >>> welcome back. what would a romney victory mean for the dollar? let's bring in andy bush, live from chicago. the dollar's weaker today, the stock market is higher. how would that play out regardless of what happens in the election? >> right. well, i think it's really important to look at the differences between the two candidates, and clearly romney did extraordinarily well. the market's reaction was very quick. s&p was up...
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Oct 3, 2012
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gains envelopers were capped by losses in energy. in japan, the nikkei hit a three-week low as appetite waned, but fast retailing, the operator of the clothing chain rallied 3.7% because reportedly it could become the first japanese retailer to ever break the one trillion yen mark or nearly $13 billion in annual sales. the kospi is closed today, but over in aust the afx 200 up to a 14-month high helped by banks and i.t. firms. that weak trade data also pushed the aussie dollar to one-month lows. back to you. >> business activity in the eurozone shows no signs of a rebound. the latest composite pmi figures for september fell to the lowest in three years. france and spain saw a marked contraction as the countries strasbu struggle with painful austerity measures. a high incidents of bankrupt sis among small businesses. the increasing tendency of large corporations to seek profits abroad as domestic demand wanes. in 2011, spain raised just over $16.5 billion in corporation tax from the almost $45 billion euros collected in 2007. this has
gains envelopers were capped by losses in energy. in japan, the nikkei hit a three-week low as appetite waned, but fast retailing, the operator of the clothing chain rallied 3.7% because reportedly it could become the first japanese retailer to ever break the one trillion yen mark or nearly $13 billion in annual sales. the kospi is closed today, but over in aust the afx 200 up to a 14-month high helped by banks and i.t. firms. that weak trade data also pushed the aussie dollar to one-month...
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Oct 8, 2012
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energy earnings are down 20%, 23% or so. that's a large portion of the decline we see. >> because all prices fell so much. >> that's correct. >> if you take energy out, do you get positive earnings? if you remove apple from the s&p 500, things aren't that good. i'm not an eternal optimist. i think this is all perfectly fair. >> is the economy getting worse? is it getting worse? >> yes, yes, yes. it's getting worse. absolutely getting worse. >> 7.8%. >> look, worldwide, larry, the velocity of money is dead. >> what does that mean in. >> there's no turnover. this unemployment number that the optimists hailed at great at 7.8% lifted by part-time workers. >> no one said it's great. this is important to both of you since you are both in this camp with respect to the federal reserve. you can make the case -- i don't want to get too wonky and bore our viewers, but you can make the case that the federal reserve by doing what it's doing is simply offsetting the decline in monetary velocity. if they hadn't done this, but -- >> you're
energy earnings are down 20%, 23% or so. that's a large portion of the decline we see. >> because all prices fell so much. >> that's correct. >> if you take energy out, do you get positive earnings? if you remove apple from the s&p 500, things aren't that good. i'm not an eternal optimist. i think this is all perfectly fair. >> is the economy getting worse? is it getting worse? >> yes, yes, yes. it's getting worse. absolutely getting worse. >> 7.8%....
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Oct 7, 2012
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in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. >>> you can find more about the show on our website, wsjr.cnbc.com. now a look at the stories coming up to impact your money this week. monday is the columbus day holiday. banks and bond markets will be closed while the stock market is open. earnings season kicks off. companies reporting third quarter results include costco and jpmorgan chase. >>> thursday the latest reading on the u.s. balance of trade. the vice presidential candidates take the stage for their one debate of the campaign season. also, thursday night. friday the producer price index is out, that's the ppi tracking inflation at the wholesale level. >>> and a new addition to the tech industry has people talking. yahoo ceo marissa meyer welcomed her first child and she said he has not been officially named yet and suggestions are welcome. social media has changed the way we communicate with fr
in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. >>> you can find more about the show on our website, wsjr.cnbc.com. now a look at the stories coming up to impact your money this week. monday is the columbus day holiday. banks and bond markets will be closed while the stock market is open. earnings season kicks...
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Oct 1, 2012
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in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never beenonger. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ . >> three months after supreme court justice moved to the right and passed obama care. pete williams has some details. >> reporter: larry, this is shaping up to be a court term dominated by civil rights beginning with a case that will be argued next week on affirmative action, colleges nationwide use it believing that a more racially diverse campus provides a better education. the court gave a green light to that practice seven years ago, but since then has become more skeptical. sandra day o'connor who has since left the court. the court will almost certainly hear a challenge to the voting rights act. the section that says states have to get federal permission before they make any changes to their elections if those states have a history of discriminati
in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never beenonger. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ . >> three months after supreme court justice moved to the right and passed obama care. pete williams has some details. >> reporter: larry, this is shaping...
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Oct 3, 2012
10/12
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there is a lot of specificity on proposals on energy, the keystone pipeline issue and regulation and make sure we stop the huge growth of regulations and entitlements. he has been very specific. i think his tax program is pro growth. there is a lot of specificity and people look at it. it is the kind of thing the economy needs right now and that is what basic economics tells me. >> bernanke has sited your work as a big influence on current monetary policy yet mr. romney has said ben bernanke should be fired. are you advising that ben bernanke should get fired? >> i don't get into personnel issues. i would say on quoting different rules i think quantitative easing has not been helpful. i think we had good monetary policy in the '80s and '90s until recently. that is what we want to do. that is what the romney program is all about. >> john, i'm curious. there is a lot of talk about the evans rule and it is not quite the same as the taylor rule but it seems to go a way towards some of the things you have talked about in the past predominantly this idea of having more of a check on possib
there is a lot of specificity on proposals on energy, the keystone pipeline issue and regulation and make sure we stop the huge growth of regulations and entitlements. he has been very specific. i think his tax program is pro growth. there is a lot of specificity and people look at it. it is the kind of thing the economy needs right now and that is what basic economics tells me. >> bernanke has sited your work as a big influence on current monetary policy yet mr. romney has said ben...
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i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for those jobs and looking at other alternative forms of energy and we have to have a balance of both. >> the unemployment rate falling below 8% for the first time since january 2009 and i'm sure the labor department was hearing about that this morning. at the same time, can you tell the american people that this 7.8 number marks the turnaround that we have seen the worse when it comes to the labor market. i would say we still have a ways to go and we have it well below 12 million and we have to continue on the path that the president has taken us down and this is in spite of the resistance of
i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for...
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Oct 9, 2012
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what about energy? that has been a market leader as well. >> on the chart it was down, you know, 4% in the five-year period, which is interesting. i wouldn't have said that's the case. i think people are taking their numbers down in the energy space maybe a quarter or two. after that, i think it would be another driver on the upside. >> okay. thank you both. alcoa numbers coming out shortly could
what about energy? that has been a market leader as well. >> on the chart it was down, you know, 4% in the five-year period, which is interesting. i wouldn't have said that's the case. i think people are taking their numbers down in the energy space maybe a quarter or two. after that, i think it would be another driver on the upside. >> okay. thank you both. alcoa numbers coming out shortly could
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but energy as well. so to the extent that there is an industrial boom in places like india or china, the whole energy complex will continue to appreciate. >> what we've been hearing from china -- >> china is a big question. china's a big question mark. people need to eat. they don't necessarily need to build new factories. >> and they don't necessarily need to consume as much copper. >> we like copper but we're nimble with our copper allocation. not having too much risk allocated to any part of the commodity complex. one these we aren't complicity with is gold. we trity and avoid just lookingt go gold. >> a number of cogent arguments that have been made in some of the presentations we've heard seem to argue for rates have to go up. they've got to go up. how are you positioned for that? or are you perhaps not a believer in terms of where the treasury's headed in the future? >> david, great question. we think that rates have a long term downward pressure for two reasons. one, the central bank has anchored
but energy as well. so to the extent that there is an industrial boom in places like india or china, the whole energy complex will continue to appreciate. >> what we've been hearing from china -- >> china is a big question. china's a big question mark. people need to eat. they don't necessarily need to build new factories. >> and they don't necessarily need to consume as much copper. >> we like copper but we're nimble with our copper allocation. not having too much risk...
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Oct 3, 2012
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prices and energy really is the story in the commodities market today. look at the $3 slide in crude oil and a lot has to do with the demand outlook. traders are focused on what is coming out of asia. news about china's pmi services data was weak then expected, but really it's what the asian development bank had to say about emerging asian nations and the gdp growth forecast that they have for them. they rationed down their expectations for 2012 and 2013. this is supposed to be the engine of growth, the engine of demand for crude oil and for other industrial commodities. if it's not there, what's going to happen, we'll see perhaps an even further slide here in oil prices. we also got data from the u.s. energy department and that also was a bit of a surprise in terms of the supply side. but in terms of demand, continuing to see anemic demand in terms of gasoline demand, down 2.5% versus a year ago. and this is already as we're getting the slide to the winter grade of gasoline. so since that rollover, we have seen a steady slide in gasoline futures. the on
prices and energy really is the story in the commodities market today. look at the $3 slide in crude oil and a lot has to do with the demand outlook. traders are focused on what is coming out of asia. news about china's pmi services data was weak then expected, but really it's what the asian development bank had to say about emerging asian nations and the gdp growth forecast that they have for them. they rationed down their expectations for 2012 and 2013. this is supposed to be the engine of...
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Oct 1, 2012
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domestic, abundant, clean energy to power our lives... that's smarter power today. >>> welcome back. today marks the first day of the trading quarter. with the s&p up more than 14% year-to-date, can we expect to see profit-taking or will the gains continue? joining success jeremy siegel, professor of finance at the wharton school of the university of pennsylvania. professor siegel by the way is also the author of the book "stocks for the long run" and jeremy great to see you this morning. >> good morning. >> so here we go, the start of the fourth quarter and i know you've made bullish predictions of dow 15,000 and dow 17,000. where do you stand right now? >> i'm still with those predictions. those are for the end of 2013, remember, not for the end of this year. actually, if we're talking about this quarter, i think the most important event is not going to be on the election day, it's going to be after the election day, as the fiscal cliff gets nearer and nearer, and i think the resolution of that one way or the other is going to be the ma
domestic, abundant, clean energy to power our lives... that's smarter power today. >>> welcome back. today marks the first day of the trading quarter. with the s&p up more than 14% year-to-date, can we expect to see profit-taking or will the gains continue? joining success jeremy siegel, professor of finance at the wharton school of the university of pennsylvania. professor siegel by the way is also the author of the book "stocks for the long run" and jeremy great to see...
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financials energy and industrials all leading the way. a good kick off to the fourth quarter. >> you have to like the way we're kicking off now. you look at the volatility index that remained under the 16 level and financials led right out of the gate, strong in the premarket and continue to be strong and you look at the industrial space and the pharmaceutical and overall it is a nice broad market rally as people are jumping into the fourth quarter. >> bank of america is up 3% or so today and certainly had great performance out of the dow industrial and give me a comment on the market right now. >> bank of america, i own it, i like it. i will have to use my wallet or a phone book because i am feeling really short they're. i think it trends higher. >> we have breaking news regarding the federal reserve steve liesman has the fed chairman to make comments today. >> the fed chairman is speaking to the economic club of indianapolis today and he really what he is doing is taking his case for the new qe to the public. thises something he has don
financials energy and industrials all leading the way. a good kick off to the fourth quarter. >> you have to like the way we're kicking off now. you look at the volatility index that remained under the 16 level and financials led right out of the gate, strong in the premarket and continue to be strong and you look at the industrial space and the pharmaceutical and overall it is a nice broad market rally as people are jumping into the fourth quarter. >> bank of america is up 3% or so...
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Oct 4, 2012
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that cheap energy? we can bring back a lot of manufacturing and industry. >> and keep the price of heating your home up. >> yeah. and for the people, the people who are going to cast their votes each november, they don't want high energy prices. >> we've got to leave it there. thanks so much. this is it from me. i'll see you tomorrow. >> thank you very much. >>> up ahead, we're a particularly bullish america. that's from arme sorenson. we have an exclusive interview in the next hour of "squawk on the street". facebook has reached 1 million active owners. "today's" host matt lauer had a chance to interview mark zuckerberg. here's a look at the interview. >> they say this is not only the visionary and the technical guy, this is the ceo. i was reading the article. they said this is like the guy who's learning as he goes. it's like you're learning how to fly and they're in the cockpit. how do you feel about that? >> i take the responsibility extremely seriously. and our responsibility as a company is just t
that cheap energy? we can bring back a lot of manufacturing and industry. >> and keep the price of heating your home up. >> yeah. and for the people, the people who are going to cast their votes each november, they don't want high energy prices. >> we've got to leave it there. thanks so much. this is it from me. i'll see you tomorrow. >> thank you very much. >>> up ahead, we're a particularly bullish america. that's from arme sorenson. we have an exclusive...
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that continues to worry traders about energy demand. and on the flip side, we have the syria/turkey tensions continuing to support the market. you can see that better in the brent crude market which didn't falter much in the past week where nymex futures, wti futures falling sharply, down about 2% last week. three weeks in a row, lower prices. still at the lower end of the $88 to $92 range we've been stuck in. but the real story is what's going on in california. california, big part of the reason that we saw the spike-up in gas futures last week. and now that governor jerry brown has now said that we are not going to -- that we are going to be to have winter grade gasoline for the wholesale market, that is supposed to boost supplies, drive down prices. we've seen it in the wholesale level. and we've already seen a little bit of a weakening here in the arbob market as well. prices will start to trickle down. jane wells all over that story. we'll have much more coming up. back to you. >> thank you, sharon. >>> big week for the marriage ba
that continues to worry traders about energy demand. and on the flip side, we have the syria/turkey tensions continuing to support the market. you can see that better in the brent crude market which didn't falter much in the past week where nymex futures, wti futures falling sharply, down about 2% last week. three weeks in a row, lower prices. still at the lower end of the $88 to $92 range we've been stuck in. but the real story is what's going on in california. california, big part of the...
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we're serious about our energy policy. even though congress doesn't act, the administration, the president could take those steps and it would send a clear signal, put a lot more people to work. >> so what should the policy look like? what, in your view, would be the most important, you know, event that the administration can do to help the country's energy situation? >> i think the first thing is it needs to be a policy driven by job creation. in the oil and the gas business, since this recession started in 2007, 2008, we've created close to 400,000 jobs when the economy has lost 6 million. so we need to focus on job creation potential. the second thing we shouldn't overlook is the amount of revenue that the industry generates as they create these jobs. we contribute over $86 million a day to the federal government. that's a lot of revenue that could help with deficit, deficit reduction and our debt structure. the third piece of that is we could become more energy secure as a nation. today we're less reliant on outside so
we're serious about our energy policy. even though congress doesn't act, the administration, the president could take those steps and it would send a clear signal, put a lot more people to work. >> so what should the policy look like? what, in your view, would be the most important, you know, event that the administration can do to help the country's energy situation? >> i think the first thing is it needs to be a policy driven by job creation. in the oil and the gas business, since...
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> there's ban lot of action in the oil market and the metals markets today. the gold market is closing right now. sharon epperson rejoins us. she's tracking the action in all of those markets. she's down at the nymex. >> it is perfect timing because we are closing in on $1,800 an ounce here for gold at the highs of the session here in floor trading as we are about to come to a close. looking at a $17 gain. a lot of it has do with the comments coming from the ecb president mario draghi today coming from the bank of england, remaining with low interest rates for an extended period of time. also, the fact that we are looking at this
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> there's ban lot of action in the oil market and the...
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putting us in control of our energy future, now. we know you. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... honda accord. it starts with you. >>> here's one area where playing football and "mad money" have a lot in common. we call it the check down. that's when the quarterback considers whom he should pass the ball to. checking down one receiver after another, find out who's open. who can score. and then hits him while he's uncovered. the best quarterbacks have a list in their heads about who to go to first, second, third, fourth, sometimes fifth. money managers perform the same check down too. we don't call it that. you can follow along and i do it for this show as i search for ideas that have enough merit to be noted on "mad money." how does it work? okay, today's the beginning of new quarter but what like to do at a start of the quarter is look at the
putting us in control of our energy future, now. we know you. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... honda accord. it starts with you. >>> here's one area where playing football and "mad money" have a lot in common. we call it the check down. that's when the quarterback...
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Oct 5, 2012
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energy majors rallied. automakers also sord after bmw reported a surge in september sale this is china. lost 7% on the week, knee con tumbled 5% on down beat earnings. automakers also retreated on reports of plunging sales in china. the bo jchj stayed the same on policy as expected. pc makers extended a losing streak, but media tech gained 2% on strong september sales. lg display tumbled 4.5% after a downgrade on profitability concerns. meanwhile australian minors and banks support to the asx ending at a 14 month high. sensex down by 0.7%. back to you. >> okay, thanks for that. the jobs report is out at 8:30. expected modest growth but not enough to make a dent in unemployment. dow jones forecast is for an increase of 118,000 versus 96,000 in august. unemployment seenle ho holding # 8.1%. joining us now is patrick o'keefe, director of economic research. >> i'm on the high side of the forecast panel looking for 140,0 140,000. some continued decline in the public sector. i do expect, though, that the unemploy
energy majors rallied. automakers also sord after bmw reported a surge in september sale this is china. lost 7% on the week, knee con tumbled 5% on down beat earnings. automakers also retreated on reports of plunging sales in china. the bo jchj stayed the same on policy as expected. pc makers extended a losing streak, but media tech gained 2% on strong september sales. lg display tumbled 4.5% after a downgrade on profitability concerns. meanwhile australian minors and banks support to the asx...
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Oct 1, 2012
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energy materials, industrials, even consumer staples participating in this rally. we're expecting very significant increase in earnings about 20% over last year. >> that's almost a 4% gain in goldman sachs. >> look at the overall group moving to the up side. we need some positive earnings commentary from this group for the fourth quarter for the s&p to make numbers. finally, airlines are up as the international air transport association talked about a higher profit outlook for the airlines this year. given the prices i've been paying for travel? there ought to be -- >> you're our leading indicator. >> it hurts! >> absolutely. thank you. see you a little bit later. >>> art cashin is also with us on the floor. director of floor operations with ubs financial services. bob mentioned europe a little bit. but put that aside, as we begin a new quarter, last quarter we were up 4% and the market just doesn't seem to want to give anything back. what do you make of it? >> no. it's behaving very, very well here. although i will say i'm a little disappointed the techs have give
energy materials, industrials, even consumer staples participating in this rally. we're expecting very significant increase in earnings about 20% over last year. >> that's almost a 4% gain in goldman sachs. >> look at the overall group moving to the up side. we need some positive earnings commentary from this group for the fourth quarter for the s&p to make numbers. finally, airlines are up as the international air transport association talked about a higher profit outlook for...
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Oct 2, 2012
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putting us in control of our energy future, now. attention, owner of the light blue smart with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> i'm bill griffeth. on closing bell, three huge interviews, former ceo carol bartz joining us, find out if her successor, melissa mayer, can turn around the >> can and new tar kentz vowing to double the revenue the next decade for coca-cola. he will lay out the strategy for the goal and don't want to miss the rare and exclusive interview with the oracle himself, ceo larry emson. find out how he is planning to dominate the cloud and yes, sir going on that personal property buying spree. owns an island, owns now most of malibu. all that and more. maria still in san francisco, i'm still in new york. more at the top of the hour. >>> the comeback in cars, auto sales continuing to be a sign of hope in the u.s. economy phil la superbowl behind the wheel for us. i want to ask you, look
putting us in control of our energy future, now. attention, owner of the light blue smart with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> i'm bill griffeth. on closing bell, three huge interviews, former ceo carol bartz joining us, find out if her successor, melissa mayer, can turn around the >> can and new tar kentz vowing to double the revenue the next...
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Oct 2, 2012
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i remain concerned that the energy drinks are going to be called into question by the health authority. share loss, difficult to reverse. so my dow jones player is well covered. my s&p receiver can't get any separation. what's left? at this point in my favorite thing to check down is to see what index or group is so far behind the market that there's something that could play catch-up. with the market as hot as this one and i know people don't think it's hot but it really is, what i like to do is find a real laggard. almost every group is up. almost every one. lo and behold, not only is there an index that isn't keeping pace, there's one that's actually down. that's the transports. they were off at one point very badly today. that's a terrific opportunity in and of itself. i know if there's nothing in the other indices, my intended receiver is going to be in the transport group. but which one? they're all down a lot. all looking terrible. i shouldn't say all. some aren't. first the airlines. i try to keep an open mind with this group. think of how terribly set-up the airlines are for t
i remain concerned that the energy drinks are going to be called into question by the health authority. share loss, difficult to reverse. so my dow jones player is well covered. my s&p receiver can't get any separation. what's left? at this point in my favorite thing to check down is to see what index or group is so far behind the market that there's something that could play catch-up. with the market as hot as this one and i know people don't think it's hot but it really is, what i like to...
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Oct 2, 2012
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upgrading comstock resources and devon energy, noting notice belief that, "the u.s. natural gas market fundamentals already gone substantial structural "" -- do you like the call or not? >> i live in the center of marsellus gas. >> you do. >> i they are producing below the cost of goods sold. i don't like that i don't see a change in that . >> don't like two you do like one. i like you because you disagree. >>> next hour, remember the datson? we are going to look at the rebirth of the car on the cheap. but there's a catch. the new datson, next hour. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> we are back on "power lunch." watching shares of ancestry.com. check out this chart, spiking on talks that buyout talks have resumed, a report from bloomberg but down on th
upgrading comstock resources and devon energy, noting notice belief that, "the u.s. natural gas market fundamentals already gone substantial structural "" -- do you like the call or not? >> i live in the center of marsellus gas. >> you do. >> i they are producing below the cost of goods sold. i don't like that i don't see a change in that . >> don't like two you do like one. i like you because you disagree. >>> next hour, remember the datson? we...
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. >> we can talk about any number of things including the fact that domestic energy production is way up under president obama. >> we heard about that in the debate in spite of instead of because of. >> not in spite of. the fact of the matter is president obama has reduced our dependence on foreign oil over these last few years, we've seen jobs created in the solar industry, in green industries. our state ranks fourth among the 50 states in terms of the number of jobs in the green sector so there are things we can and must do in order to make this recovery happen more quickly. but the fact of the matter is, not since 2005 have we had 30 months in a row of private sector job growth. we're seeing our housing industry coming back, with housing values rising in maryland, seven consecutive months on a year over year basis. so there are a lot of things we can do as a country, if we put job creation first, and that's what president obama has been doing, even in the face of obstructionists who are trying to slow the jobs recovery before the election. >> governor? >> that dog is trying its bes
. >> we can talk about any number of things including the fact that domestic energy production is way up under president obama. >> we heard about that in the debate in spite of instead of because of. >> not in spite of. the fact of the matter is president obama has reduced our dependence on foreign oil over these last few years, we've seen jobs created in the solar industry, in green industries. our state ranks fourth among the 50 states in terms of the number of jobs in the...
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bottom five today shows how weak energy was. down a percent as a group today. materials also lower. i want to show you this chart. this is from spoke investment group. since the market peaked in mid-september, they took a look at market trading in the s&p on an hour-by-hour basis. this is a typical trading chart since mid-september on a daily basis. we've had a little stutter step in the morning. then you get a small rally, sideways action, then the real selloff comes in the hour. their conclusion is that the so-called smart money, the hedge funds, private equity and so forth is where this is coming in and selling at end whereas the so-called, pardon the expression, dumb money has been coming in in the morning. warren myers, do you buy that notion? do you see that trade flow here at the new york stock exchange. >> we do see that to a bit. i would equate that to what's happening in europe. the global impact is so great that we watch the opening here. europe is still active. we follow them. if they happen to be up, we follow them. once europe closes, the only thing we have to be conce
bottom five today shows how weak energy was. down a percent as a group today. materials also lower. i want to show you this chart. this is from spoke investment group. since the market peaked in mid-september, they took a look at market trading in the s&p on an hour-by-hour basis. this is a typical trading chart since mid-september on a daily basis. we've had a little stutter step in the morning. then you get a small rally, sideways action, then the real selloff comes in the hour. their...
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energy, materials, and financials are supposed to be down and the overall down 5%. >> goldman says this is primarily about the fiscal cliff. do you agree? >> i think it's going to be very heavily earnings driven where you get china and europe in the picture too. i think fiscal cliff is partial. it will be a partial cliff. it won't be a huge dropoff. it will be a partial dropoff, in our humble opinion. we think the consumer and the low interest rates and europe and china mean you're not going to have much earnings next year. that's really our big call. >> are you scared after what he said? >> no, not at all. >> do you agree, disagree? >> it doesn't really change our view on what we're doing. we're buying cheap assets, things like emerging market equities that's trading at 12 times earnings. >> but if he's right, all those assets can get a lot cheaper in the next three months. >> true, true. but what the fed is doing in terms of pumping ining liquidit the market. it's pretty supportive. >> why so pessimistic though? give us a particular reason. most people think that if it's even close to
energy, materials, and financials are supposed to be down and the overall down 5%. >> goldman says this is primarily about the fiscal cliff. do you agree? >> i think it's going to be very heavily earnings driven where you get china and europe in the picture too. i think fiscal cliff is partial. it will be a partial cliff. it won't be a huge dropoff. it will be a partial dropoff, in our humble opinion. we think the consumer and the low interest rates and europe and china mean you're...
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one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> board of xstrata finally recommends glencore's offer, but with important conditions on renum race. eurozone pmi points to a fresh recession. and shares in banco popular have resumed trade and they have fallen sharply after the banks announced a 2.5 billion euro rights issue. president obama continues to maintain his lead over mitt romney with two days before their first debate and 35 days before the election. new poll shows 49% of likely voters favoring the president versus 47% for romney. amongst all registered voter, obama holds a 5 point lead. but 52% of likely voters across key swing states favor the president. you'll be abl
one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> board of xstrata finally recommends glencore's offer, but...
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Oct 2, 2012
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like solar energy or wind energy, we have agricultural output that we don't take advantage of, so there are ma so many resources and opportunities in greece, it's not a matter of the private sector doing poorly or a lack of resources, but it's rather how the state is operating, we have a big public sector as you know, we have tax evasion and we have no privatizations. if we change these things if we're not a state controlled economy but instead a private controlled economy we can see a different picture and to me by staying in the european union this is where we should concentrate. it's not how much you value the currency or you divide the labor cost but what kind of economy you are, where you wish to go. >> that's similar to the debate we seem to be having here in the united states. thanks so much for joining us this morning and congratulations on your deal and good luck with it. >> thank you very much. >> thanks for playing, sam. that was helpful. good to have you on the set. >> just look at that shot, crumbling infrastructure everywhere. they've neglected things for -- >> thousands o
like solar energy or wind energy, we have agricultural output that we don't take advantage of, so there are ma so many resources and opportunities in greece, it's not a matter of the private sector doing poorly or a lack of resources, but it's rather how the state is operating, we have a big public sector as you know, we have tax evasion and we have no privatizations. if we change these things if we're not a state controlled economy but instead a private controlled economy we can see a...
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Oct 9, 2012
10/12
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and especially energy and financials where expectations actually have gone up is still not looking for really impressive numbers. energy in the fourth quarter expected to be town 14%, financials up 3%, so i don't think it's very heroic. so i think you want to be involved in some of the cyclicals like industrials, like materials. i like staples. particularly as expectations come down. some of the discretionaries that have come down. financials we continue to like. >> what's your number for the s&p dropoff in this quarter? >> for this year, for the fourth quarter, we're looking for i think 1.4%. >> third quarter versus last year's third quarter? >> negative 0.6%. >> down less than 1%. >> yeah. >> okay. >> i don't think that's -- >> you'd call that flat, wouldn't you? >> sure. >> where does the s&p end for you? >> i think it ends higher. i think you have performance chasing that p happens. and i think you have let's get through the election, let's get some sort of understanding as to what will happen with the fiscal cliff. but i still think earnings will not be as bad. i think the setup i
and especially energy and financials where expectations actually have gone up is still not looking for really impressive numbers. energy in the fourth quarter expected to be town 14%, financials up 3%, so i don't think it's very heroic. so i think you want to be involved in some of the cyclicals like industrials, like materials. i like staples. particularly as expectations come down. some of the discretionaries that have come down. financials we continue to like. >> what's your number for...
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Oct 5, 2012
10/12
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. >> keep an eye on linn energy and keep an eye on tim tebow. it might be this week. >> happy columbus day weekend, you guys. you know who you are. o.i., owens, illinois. >>> "power lunch" now. >> announcer: halftime is over. the second half of the trading day starts right now. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we ge
. >> keep an eye on linn energy and keep an eye on tim tebow. it might be this week. >> happy columbus day weekend, you guys. you know who you are. o.i., owens, illinois. >>> "power lunch" now. >> announcer: halftime is over. the second half of the trading day starts right now. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential...
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Oct 9, 2012
10/12
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second, aluminum is a huge raw material for cars and trucks because it's so lightweight and saves energy. well can get reports from gm, but alcoa is a much better read on things. third, you need alcoa building materials to skin buildings. commercial construction that has lagged so badly. this is the worst division for alcoa. lately we hear of a turn. let alcoa tell us if it's for real. first, a tremendous amount switching from gas turbines there is no way to judge this because of disparate turbine makers. but they all use alcoa aluminum. fifth, alcoa makes drill pipe, the kind we use for deep floors of oil. only game in town. we'll get a nice insides on on that too. finally, has become an important part of the technology food chain, the skin of the ipod. plus bottles and wraps. unfortunately, they also make i think gots and alumna. it's pure commodity and keeps alcoa down. it's there that the shortfalls keep coming. some of that is because the chinese keep producing so much aluminum and part because hedge funds banging down the stuff. the chinese cut back their own use of their own dirty
second, aluminum is a huge raw material for cars and trucks because it's so lightweight and saves energy. well can get reports from gm, but alcoa is a much better read on things. third, you need alcoa building materials to skin buildings. commercial construction that has lagged so badly. this is the worst division for alcoa. lately we hear of a turn. let alcoa tell us if it's for real. first, a tremendous amount switching from gas turbines there is no way to judge this because of disparate...
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Oct 2, 2012
10/12
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they don't worry about whether it's generated by coal or solar or wind or how the energy is created. they ignore that. that's handled by the electric service provider. they don't have to make huge investments in creating more electricity. it's all done as a service. computing is now being offered for the first time, if you will, over the last few years as a service in the cloud. it means the consumers don't have to get bogged down with the complexity of computing. they don't have to make a huge capital investment. they just plug n run their applications. >> tell me about the world today. there's a concern that things are slowing, not just at oracle, but throughout business because of the global slowdown. that's what we saw in the latest earnings release that you reported. and there's a change in terms of data. data has changed. and you've got to keep up with this changing data coming from all sorts of mobile devices, et cete cetera. tell me about business right now around the world. what are you seeing? >> actually, our business is fairly good. i know in reported u.s. dollars, our re
they don't worry about whether it's generated by coal or solar or wind or how the energy is created. they ignore that. that's handled by the electric service provider. they don't have to make huge investments in creating more electricity. it's all done as a service. computing is now being offered for the first time, if you will, over the last few years as a service in the cloud. it means the consumers don't have to get bogged down with the complexity of computing. they don't have to make a huge...
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Oct 3, 2012
10/12
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back, everybody. the economy obviously front and center this week with the jobs report coming out on friday. our guest host this morning runs a company that has several economic indicators all rolled into one. joining us for the remainder of the show with his take on the markets and what's happening in corporate america is jim tisch, and jim, it's great to have you here onset. we were just talking about how you have a lot of different things that really give you a good idea of what's happening in the economy. diamond offshore, what's happening from an energy perspective, you have the luxury hotels there, the insurance li
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back, everybody. the economy obviously front and...
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Oct 4, 2012
10/12
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in banking stocks despite reports of a dispute with its largest shareholder temasek, but weakness in energy majors offset gains on that market due to slumping oil prices overnight. japanese stocks pushed higher in late trade following the u.s. presidential debate where governor romney the pro business candidate appeared to outshine president obama. so the nikkei rebounded off a four week low with automakers and financials surging. but tech shares lost ground after hewlett-packard's profit warning. hp contract makers in taiwans also felt the pain with the computer share sub index losing 1.6%, but tmanaged to close fla. we saw a bit of profit taking on samsung electronics ahead of its q3 earnings guidance tomorrow. australian miners were lower, but banks lent support to the afx 200 ending at a 14 month high. weaker than expected august retail sales added to the case for further interest rate cuts. sensex stronger by 1% at the moment. >> let's pick it up with the european markets. equity to modest moves ahead of the bank of england rate decision. we'll have that for you live. louisa will help
in banking stocks despite reports of a dispute with its largest shareholder temasek, but weakness in energy majors offset gains on that market due to slumping oil prices overnight. japanese stocks pushed higher in late trade following the u.s. presidential debate where governor romney the pro business candidate appeared to outshine president obama. so the nikkei rebounded off a four week low with automakers and financials surging. but tech shares lost ground after hewlett-packard's profit...
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Oct 1, 2012
10/12
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let's check out the latest moves in energy and metals. sharon at the nymex. >> the momentum here definitely in the metals market. i'm standing in the gold pit. gold prices went above $1,794 an ounce. a lot of investors may have looked at the s&p 500's returns, that's decent. but gold up over 10% in the last quarter. silver up over 25% in the last quarter. they want some more of that in the fourth quarter. and we're looking at that here in the metals market. also looking at momentum taking over, the weak sentimental data out of china in terms of the oil price. the oil prices here are a little bit of a bid for oil. the fact that they lowered a mix a little while ago before the open on the weak data out of china on their manufacturing numbers. in terms of the biggest mover here in the commodities space, definitely it is natural gas. natural gas at a ten-month high. natural gas here above 3.40. some are saying that $3 gas is sustainable here even if we don't see the same focus on coal to gas switching. still going to see higher natural gas pr
let's check out the latest moves in energy and metals. sharon at the nymex. >> the momentum here definitely in the metals market. i'm standing in the gold pit. gold prices went above $1,794 an ounce. a lot of investors may have looked at the s&p 500's returns, that's decent. but gold up over 10% in the last quarter. silver up over 25% in the last quarter. they want some more of that in the fourth quarter. and we're looking at that here in the metals market. also looking at momentum...